Capital Gains Tax 2024/25. Capital gains tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. The total gain is calculated by subtracting the sale value from the original purchase value.
From 6 th april 2024: With shifts in tax allowances and evolving strategies to mitigate liability, staying informed is more important than ever.
The Capital Gains Tax Rate You Use Depends On The Total Amount Of Your Taxable Income, So Work That Out First.
The dates purchased and sold / planned to sell the property)
The Total Gain Is Calculated By Subtracting The Sale Value From The Original Purchase Value.
When it was £6,000 (£3,000 in trusts) for 2023/24, and £12,300 (£6,150 in trusts) for 2022/23.
Capital Gains Tax 2024/25 Images References :
With Shifts In Tax Allowances And Evolving Strategies To Mitigate Liability, Staying Informed Is More Important Than Ever.
Rates for capital gains tax.
Discover How To Optimise Your Tax Savings With Our Capital Gains Tax Calculator.
What is the capital gains tax allowance for 2024/25?